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bbc.co.uk
US-Canada trade war escalates as Trump threatens tariff hike on autos after Carney vows to retaliate
Mark Carney accused Trump of wanting to "destroy" Canada's auto industry, and said he would only resume trade talks if the US comes with the "right attitude".
cnbc.com
Yields decline on CNBC report Treasury could use General Account to fund buybacks
Treasury yields fell Monday as investors await Federal Reserve Chair Kevin Warsh's keynote speech at Jackson Hole later this week.
cnbc.com
Crypto extends gains after biggest 3-day rally since 2023
Bitcoin and crypto stocks extended their rally after the flagship cryptocurrency broke out of its trading range.
bbc.co.uk
Manga-inspired theme park to be built near Paris
The construction of three new parks was given the green light after a €6bn investment from Saudi Arabia.
bbc.co.uk
Iran faces 'greatest financial offensive ever', says US treasury secretary
Scott Bessent says the US will sever all economic ties with the country and that any nation partnering with Iran financially will also be isolated.
cnbc.com
Trump says U.S. will hike Canada auto tariffs to 50% as trade war escalates
President Donald Trump said the U.S. will raise tariffs on imports of cars, trucks and auto parts from Canada to 50% on Jan. 1, 2027.
theguardian.com
Man arrested on suspicion of arson after fire at car park used by Gatwick passengers
Blaze near Crawley destroyed 140 vehicles, damaged nearby businesses and led to power cuts on Saturday nightA man has been arrested on suspicion of arson after a fire tore through a car park used by people flying from Gatwick airport, destroying about 140 vehicles.The blaze erupted at Caldyne business park near Crawley, about eight miles from the airport just after 9pm on Saturday. Images showed vehicles on fire and enormous plumes of smoke rising close to overhead power lines. Continue reading...
theguardian.com
US threatens severe sanctions against countries with economic ties to Iran
Washington launches campaign to isolate Tehran but it is unclear whether it will apply measures to ChinaThe US has threatened to impose severe sanctions against any country or entity maintaining economic ties with Iran, hoping to achieve with economic measures what military means have so far failed to do.It is unclear, however, how far the Trump administration is prepared to go in confronting China, Iran’s biggest trading partner, which has signalled its resistance to US economic pressure to cut off links with an ally. Continue reading...
theguardian.com
Trump announces new 50% tariff on Canadian cars, trucks and steel
Move is latest deterioration in trade relations between neighbors with historically strong economic tiesDonald Trump announced a new 50% tariff on automobiles and crucial raw materials from Canada, the latest deterioration in trade relations between the two neighbors with historically strong economic ties.The US president said that the increased tariffs would start on 1 January 2027 on all cars, trucks, automobile parts and steel. He also derided the nation’s tariffs on American farmers, writing on social media that Canada has been “ripping off” the US “for years”. Continue reading...
cnbc.com
A massive trade just happened in gold. The options market is buzzing
Twenty minutes after the market opened Monday, someone sold almost 116,000 420-strike calls in the SPDR Gold Shares ETF (GLD) expiring Sept. 18.
cnbc.com
Trump admin unveils anti-Iran global sanctions plan, signals China not exempt
The Trump administration unveiled a plan to isolate Iran's economy by threatening to impose secondary sanctions on the Islamic Republic's "enablers."
theguardian.com
‘Enough is enough’: players pile pressure on under-fire Gianni Infantino to resign
President accused by ‘Fifa Legends’ of being power hungrySamuel Eto’o claims chief has not ‘done anything wrong’A group of influential current and former footballers have added to the pressure on Gianni Infantino by calling for change at the top of Fifa, saying “enough is enough” in a statement shared widely across social media.The intervention is particularly significant given some of those behind its circulation have undertaken ambassadorial activities for Fifa as part of its “Fifa Legends” programme. Among them is the former Manchester United and Arsenal defender Mikaël Silvestre, who also sits on the governing body’s 16-member players’ voice panel designed to assist with anti-racism initiatives. Continue reading...
theguardian.com
UK to use Ukraine battlefield data to train AI to protect sensitive sites
London and Kyiv in deal to help stop protesters and hostile states targeting military bases and critical infrastructureAI models trained on Ukrainian battlefield data will be used to stop protesters and foreign states targeting UK defence sites, railways and energy plants under a deal struck between London and Kyiv.Private companies will also be given access to the vast trove of data from Ukraine’s Avengers AI lab to help build new systems, the first agreement of its kind in the UK. Continue reading...
cnbc.com
Trump Media CEO defends selling faster access to president's Truth Social posts, says more have signed up
Trump Media interim CEO Kevin McGurn defended his company offering faster access to President Donald Trump's Truth Social posts.
cnbc.com
Oil prices fall as U.S. rolls out global sanctions focused on Iran
Oil prices fell Monday as the U.S. rolled out its global sanctions plan focused on Iran.
theguardian.com
Reform would evict social housing tenants over unkempt gardens
Plan part of a wider policy to remove foreign nationals from social homes and prioritise young British-born couplesSocial housing tenants will be evicted if they fail to keep their gardens well maintained under a Reform UK government, the party has announced.Lee Anderson, the party’s chair, said that if Reform came to power it would insist that those in social rented homes would be required to keep their properties decorated and gardens looked after. Continue reading...
cnbc.com
California AG Rob Bonta cancels Paramount settlement meeting, citing 'lack of good faith'
California AG Rob Bonta was scheduled to meet with Paramount representatives on Monday, he said, but canceled the meeting.
cnbc.com
Nvidia says Groq racks will be online this year following $20 billion purchase
Nvidia's race to manufacture Groq chips and make them available to customers highlight the growing importance in AI of low-latency inference.
theguardian.com
Problems brewing for the proper pint as Camra membership falls
Cost of living has hit campaign group while multinationals are threatening to squeeze out independent breweriesFor centuries, the wooden real ale pump has been the hallmark of a good British boozer. But now problems are brewing for the proper pint, as the Campaign for Real Ale has seen its membership sink to an eight-year low and its accounts show it is firmly in the red, making an £800,000 loss last year.Real ale is a traditional draught cask beer, a “living” product that is produced and stored in its cask. It differs from a cold, fizzy lager, in which the yeast is killed and carbon dioxide is added. Real ale contains live yeast so it continues fermenting until it is served. Continue reading...
bbc.co.uk
Graduate job vacancies drop by almost 50% in a year, survey suggests
Job site Adzuna said the number of graduate vacancies was the lowest since 2016
theguardian.com
Rupert Lowe set to be paid as much for divisive posts on Elon Musk’s X as for being MP
Restore Britain leader paid up to £1,476 an hour by platform, which critics say is financially incentivising inflammatory contentRupert Lowe, the leader of Restore Britain, is on course to earn as much from the social media platform X as he does from his salary as an MP, after surging income from posts that include demands for mass deportations.Lowe has earned £932 an hour for his posts on X, formerly Twitter, since the start of the year, according to his own declarations in the register of MPs’ financial interests, which detail how many hours he has spent on X for each payment he received from the platform. Continue reading...
bbc.co.uk
Rail companies sued for £5m over oil spill caused by derailment
More than 400,000 litres of fuel spilled in the area causing an "environmental disaster".
cnbc.com
From Nvidia earnings to trade war tape bombs, a simple strategy could be this week's best bet
Mike Khouw gives a low-risk options strategy to play the next few weeks.
cnbc.com
Goldman Sachs partner warns of 'huge danger' in letting AI replace bankers' reasoning skills
Goldman Sachs is embracing AI, but one of its senior tech leaders warns that it comes with an unintended risk: weakening the reasoning skills of future bankers.
theguardian.com
Households in Great Britain ‘could owe energy suppliers £7bn by end of year’
After higher prices for winter kick in, energy debt unpaid for more than 30 days likely to rise, says Energy UKHouseholds in Great Britain could owe their energy suppliers as much as £7bn by the end of the year after higher gas and electricity prices forecast for the winter kick in, an industry group is warning.Domestic energy debt and arrears climbed by about £500m over the past year to a record £6bn at the end of June as the Middle East conflict continued to stoke rising gas market prices. Continue reading...
cnbc.com
Wells Fargo and Citigroup have room to buy a big bank. These 5 regionals fit the bill
Citigroup and Wells Fargo have room to buy a big regional bank as regulators have opened the door to megadeals. Five regional banks make sense as targets.
theguardian.com
‘Parisians out!’ Why the French have had enough of French tourists
As holidaymakers descend on Brittany this summer, trebling the population of some villages and towns, local people are unimpressedName: “Parisians out!”Age: It officially commenced at the start of August. Continue reading...
bbc.co.uk
Coin hidden in 1971 earns finder free pint of beer
The card, discovered by Ellie Mead in Bicester, promised "one pint best beer if penny returned".
bbc.co.uk
Demand soars for free school uniform, says charity
Doreen's repurposes old uniforms and gives them to families in Hull and East Yorkshire for free.
theguardian.com
Netflix, Disney+ and Amazon price rises in western Europe ‘highest in world’
World’s largest streaming services have also increased subscription costs repeatedly in US, research findsBusiness live – latest updatesSubscribers to Netflix, Disney+ and Amazon Prime Video in western Europe have faced higher price increases than in any other market in recent years, according to research.Over the past four years the world’s largest subscription video streaming services have dramatically changed their business models introducing lower-priced, basic advertising tiers to attract new subscribers, while also increasingly monetising users willing to pay more for a premium experience. Continue reading...
cnbc.com
Bessent could tap near $1 trillion Treasury General Account to fund bond buybacks, sources said
Using the TGA would provide the Treasury with considerable firepower to influence long-term bond yields.
theguardian.com
Thames Water creditors accused of ‘shuffling chairs on Titanic’ with plan for new board
Campaigners say proposal for £10bn rescue deal in bid to avoid nationalisation is a ‘cosy stitch-up’Business live – latest updatesThe group of creditors pursuing a rescue bid for Thames Water have been accused of shuffling the deckchairs on the Titanic after proposing an overhaul of the stricken utility’s board.In a bid to stave off temporary nationalisation by Andy Burnham, the lenders said they would appoint Liz Barber, the former chief executive of Yorkshire Water, and Clive Selley, the former chief executive of network operator Openreach, as directors if they are allowed to take formal control of the company. Continue reading...
theguardian.com
Up to £464m ‘moved through more than 3,000 UK high street shell companies’
Research shows firms are branded as beauty and convenience but apparently operate in money-laundering and terrorist financing sectorsUp to £464m has “moved through” more than 3,000 UK shell companies branded as beauty and convenience stores but apparently operating in the money-laundering and terrorist financing sectors, a new analysis sets out.The companies – listed as hairdressers, barber shops and salons, on the one hand, or mini-marts and corner shops on the other – show “remarkably similar lifespans” of about six months despite their seemingly different purposes. Continue reading...
theguardian.com
No 10 backs ‘tough action’ if social platforms fail to remove dangerous driving posts after A66 crash
Downing Street condemns ‘utterly disgraceful’ clips and says sites are legally obliged to take them downThe government has given its full backing to Ofcom to take “tough action” against social media platforms that fail to remove videos that depict dangerous driving after a crash that killed seven people near Middlesbrough.The collision in the early hours of Saturday, in which PC Matthew Blades and PC Tom Clough died, occurred when a Volkswagen Passat carrying five people aged between 23 and 17 crashed head-on with a marked armed response vehicle while driving the wrong way on the A66. Continue reading...
cnbc.com
Santoli: Why all the fuss about bond yields is happening now
The textbooks say the cycle high in real yields should act as a restraint on economic growth and equity valuations.
theguardian.com
How growing up in ‘Chemical Valley’ inspired lawyer to sue industry she used to work for
Hélène Duguy is taking on companies accused of failing to stop Pfas pollution in the area of France she calls homeThe factories were just part of the landscape for Hélène Duguy growing up in the heart of an area known as France’s “Chemical Valley”.“Those factories are visible from my mother’s apartment,” says Duguy, 34, whose mother still lives in St-Genis-Laval, south of Lyon. Continue reading...
cnbc.com
U.S. to unveil 'greatest financial offensive' against Iran as Tehran threatens ship seizures
The escalation came as both sides have missed a 60-day ceasefire window to reach a deal, closing off the formal truce mechanism to end the six-month war.
cnbc.com
UPS is investing $2 billion in international, healthcare and supply chain businesses
UPS told CNBC exclusively that the company is investing more than $2 billion into its international, healthcare and supply chain businesses.
cnbc.com
France, UK step up missile support for Ukraine as European leaders meet
France and the U.K. are boosting their missile support for Ukraine following deadly Russian drone strikes.
theguardian.com
‘Standard’ velvet hangers? There’s nothing standard about some of the items on John Lewis’s uni essentials list| Emma Beddington
It used to be that dorm rooms were chaotically messy. Does this new generation really need an £80 spice rack and velvet clothes hangers?Of all the questions this year’s freshers may be nervously asking themselves as they prepare for this next phase – did I pick the right course? Will I make friends? Is uni worth 30 grand when my future job prospects may be limited to dusting a datacentre? – one is particularly pressing: “How many clothes hangers do I need to bring?”Fret no longer, enquiring young minds: John Lewis has the answer on its packing checklist for students. Thirty to 40, it claims, wildly, “consisting mostly of standard velvet or plastic hangers”. “Standard” velvet? I missed this memo. Continue reading...
theguardian.com
The treasury bond mess: is this the demise of the US as a safe haven?
The US is scooping up treasury bonds in an effort to raise their price and push yields down – but it’s not workingThe bond market is driving the Trump administration crazy. Last week, the treasury secretary, Scott Bessent, announced that the government would sharply ramp up its purchase of treasury bonds, in an effort to raise their price and thus push down their yield, which amounts to the interest rate the government pays on its debt.It didn’t quite work as planned. Yields on treasurys fell after Bessent’s bond market intervention but soon bounced back. By Friday afternoon, the yield on the 10-year treasury was back near where it was before the secretary’s announcement. The yield on the 30-year bond was again trading around its highest level in 20 years or more. Continue reading...
bbc.co.uk
'Half my business will be gone' - firms in Canada and US fear trade war
Business owners in both countries are navigating uncertainty and worry as the tit-for-tat import taxes ratchet up.
bbc.co.uk
Pubs and hotels could see business rates reformed after review
The review of how rates are calculated in England and Wales could lead to reform of the system.
theguardian.com
Can Burnham justify giving the go ahead to oil drilling? Yes, but these must be the conditions | Michael Jacobs
Carbon capture and storage could make the Rosebank site compatible with UK net zero commitments – if its owners are willing to pay the priceThe British government must soon decide whether it should give consent to two oil and gasfields, Rosebank in the North Atlantic and Jackdaw in the North Sea. Amid both insecurity of energy supplies and deadly evidence of the climate crisis, the prime minister, Andy Burnham, is facing pressure from the oil and gas industry and unions on one side, and environmentalists on the other.Labour’s manifesto commitment not to approve new drilling licences offers little help, because the fields already have licences, granted by the previous Conservative government in 2022 and 2023. But last year, Edinburgh’s court of session ruled that the environmental impact assessments on which this decision relied were unlawful. The Conservative government had, the court ruled, failed to include the emissions generated when the oil and gas from the fields is burned. The court allowed work to continue on the fields, but a new assessment had to be done and approval sought again.Michael Jacobs is professor of political economy at the University of Sheffield and a former energy and climate change adviser to Gordon Brown when he was prime minister Continue reading...
theguardian.com
‘It’s absolutely criminal’: US tipping culture has reached the UK – and is causing chaos
Service charges used to be a matter of choice, but now consumers feel obliged to pay them for even a cup of coffee. How do we navigate this minefield and who is really profiting?In a London pub, Greg Double was brutally confronted with the reality of Britain’s evolving tipping culture. “I was annoyed about the pint being eight quid, but then when you put service on top, it’s absolutely criminal,” he says. In the past, you might have told the bar staff to keep the change or have a “drink” on you, but since when did we routinely tip in pubs? Or coffee shops? Or, worst of all, at self-service machines? Tip creep is happening.Tipping was awkward enough in the UK when the general rule was 10% at a restaurant, plus anxiety about whether you should tip the hairdresser, babysitter or food-delivery driver. Now, with tipping suggested ever more frequently, US-style, it has become a minefield to Britons. The amounts edge higher – in fancier London restaurants, a 15% service charge is relatively commonplace. And it’s often asked for – in coffee shops for example, when you pay – before any service is delivered. Continue reading...
theguardian.com
Fast-fashion giant Shein sets cut-price $27bn valuation for Hong Kong IPO
China-based retailer swung to $99m loss in first quarter and faces scrutiny over its environmental footprintBusiness live – latest updatesShein, which built a fast-fashion empire on what seemed like impossibly low prices, has been forced to lower its own valuation in a cut-price stock market float, after falling into the red earlier this year.The online retailer will list on the Hong Kong stock exchange on 1 September at a valuation of close to $27bn (£19.8bn), significantly down from a near-$100bn private market peak four years ago. Continue reading...
cnbc.com
Alibaba plunges after announcing $10.2 billion share placement to fund AI push
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
cnbc.com
Shein targets $27 billion Hong Kong IPO — a fraction of its 2022 valuation
Shein is planning to raise up to $13.86 billion in Hong Kong dollars ($1.77 billion) in its initial public offering, according to a filing on Monday.
bbc.co.uk
Shein aims for almost $27bn valuation in stock market debut
The fast-fashion giant's shares are due to start trading in Hong Kong on 1 September.
theguardian.com
UK graduate job vacancies plunge to lowest in a decade
Just 8,383 jobs for people leaving university were advertised in July, says recruitment website AdzunaBusiness live – latest updatesGraduate job vacancies in the UK have sunk to their lowest level since they started being tracked a decade ago, according to a recruiting website.Just 8,383 jobs for people leaving university were advertised in July, Adzuna reported on Monday, down 45% compared with the same point last year and the lowest since the company started gathering the data in 2016. Continue reading...
bbc.co.uk
CrossCountry train services resume after outage
It follows major national rail disruption at the weekend.
theguardian.com
How can I convince NHS pensions that I am not dead?
It has not paid me for months and I am in severe financial distress, and apart from my husband while I try to sort it outI stopped receiving my NHS pension in May and, when I rang to ask why, I was informed that I was deceased.I have repeatedly called to no avail and my emails have received auto-generated responses. Continue reading...
cnbc.com
CNBC Daily Open: The cost of AI, trade showdown and Iran's 'economic D-day'
The two forces of AI spending and geopolitical tensions compete for the role of key market driver in early trade.
cnbc.com
Singapore inflation hits highest in nearly two years, but undershoots expectations
Consumer prices rose 2.2% last month, compared with the 2.3% expected by economists polled by Reuters
bbc.co.uk
Kids food scheme set to grow after 'crazy' support
The Grumpy Cook in Hastings is set to expand its scheme after receiving £30,000 in donations.
bbc.co.uk
Nearly three million Teslas recalled in China over hidden door handles
Other brands affected by the recall include Chinese carmakers XPeng, Xiaomi and Geely.
bbc.co.uk
'I didn't speak the Queen's English': Why people worry about their accents
A survey on attitudes towards accents suggests that so-called "accent bias" is still an issue in many workplaces.
bbc.co.uk
How to get £2,000 to play computer games at university
Roehampton University offers students a year;y scholarship to play esports alongside their studies.
cnbc.com
What's bogging down the data center trade has nothing to do with demand
The stakes are incredibly high for the U.S. to maintain its lead in data centers. It seems to be getting harder and harder in this election year.
bbc.co.uk
Business Daily
European governments and businesses are taking a tougher line on trade with China
bbc.co.uk
Trump says Canada wants 'benefits' of being US state after trade talks collapse
Canada's PM said he was "reluctantly" announcing retaliatory tariffs and accused the US of starting a trade war.
theguardian.com
The lesson from Canada’s collapsed trade talks with the US: negotiation may be futile
Breakdown shows Washington now prioritises its own interests over any semblance of shared economic ground‘No more!!!’: Trump lashes out after US-Canada talks devolve into trade warThe calamitous collapse of trade negotiations between Canada and the United States is a warning to nations worldwide that pursuing any kind of dialogue with the current US administration is doomed at the outset, according to observers who say this recent episode indicates seeking a fair deal is futile.Andrea Lawlor, an associate professor of political science at McMaster University in Ontario, said: “No matter the closeness of the historical relationship, the American administration has signalled that it now prioritises its interests above those of some sort of global economic coordination or harmony. Continue reading...
theguardian.com
Ella Baron on AI and the drought – cartoon
Continue reading...
theguardian.com
The end of Latrobe Valley coal – in pictures
Once the economic lifeblood of the region, Latrobe Valley’s coal industry is in terminal decline. Jesse Thompson’s photographic project aims to document this period of rapid change and examine its legacy‘Extremely effective’ organised campaigns against wind and solar undermining support for renewable energy Continue reading...
theguardian.com
Robots smash human track records, including Bolt's 100m sprint — video
Humanoid robots have smashed human track records at the five-day World Humanoid Robot Games in Beijing. Among the records broken was Usain Bolt's 9.58-second 100m, with a robot developed by the Beijing Innovation Centre of Humanoid Robotics finishing the sprint in 9.39 seconds. A robot developed by smartphone maker Honor completed the 100m track in 9.32 seconds in a test run. Now in its second year, more than 2,000 humanoid robots are participating in the games that are intended to showcase China's rapid progress in advanced robotics, as the technology race with the US heats up Continue reading...
theguardian.com
An AI ‘debt bomb’ crisis? No. This isn’t Enron 2.0 | Gene Marks
Fears of a datacenter buildout debt crisis are exaggerated. The risks are different than in the past and they are recoverableSome experts are warning of a looming “debt bomb” crisis because big datacenter builders such as Meta, Oracle, xAI and CoreWeave are not only raising billions to construct these facilities but are also not recognizing these long-term debt obligations on their balance sheets.Should we be concerned? No. I know because I’ve seen this movie before. Continue reading...
theguardian.com
The PM is promising to fix our everyday annoyances – and I have a list to get him started | Emma Beddington
Andy Burnham hopes we’ll forget the big stuff if he sorts out our minor frustrations and low-level gripes. Pothole politics hasn’t won me over yet, but I know some changes that couldThis is a vulnerable confession, but I spend way too much time on the social media of the New York City mayor, Zohran Mamdani. Whether he is seemingly effortlessly speaking Mandarin, hanging out with kids or charmingly accepting that he should wear a cycle helmet, the man with the million-watt smile is my antidepressant. (Even more vulnerable confession: I believe, irrationally, he is looking after my elder son, who lives there.)This means that I know all about Mamdani’s fight against what Business Insider recently deemed the “annoyance economy” – daily frustrations that make you poorer or drive you slowly, miserably mad. These include the absurd complexity of cancelling subscriptions; hidden fees; getting charged more for something you looked up last week, because of cookies; never being able to find a public toilet; and potholes. He has taken to responding when he gets tagged in people’s “Mamdani, fix this” posts to the point where Britons online are even jokily asking him to take on their problems. Continue reading...
cnbc.com
United's next decision: What to do with all those Boeing 737 Max 10 seats it ordered years ago
United Airlines wanted to put lie-flat premium seats on its Max 10 planes once they were certified, but that has been delayed by years.
cnbc.com
After 10 years at United, CEO Scott Kirby is thinking big about the future of his airline from JFK to AI
United Airlines CEO Scott Kirby talked to CNBC in a wide-ranging interview about his proposed airline megadeals, AI and the future of the carrier.
theguardian.com
Jumpy bond markets make it clear: Trump risks driving US into debt crisis | Heather Stewart
Treasury secretary Scott Bessent’s attempt to calm bond markets is a sign of weakness not strength“Look, there’s nothing magic about that $40tn number,” the US Treasury secretary, Scott Bessent, told CNBC insouciantly last week, as the country’s debt mountain surpassed another bleak record.Yet Bessent’s decision to intervene in government bond markets in an effort to combat soaring yields belied his studied calm in TV interviews – and reignited fears the US may be on the road to a debt crisis. Continue reading...
bbc.co.uk
Struggling households need more help with bills, energy industry says
Industry body Energy UK says the current support for households most in need does not go far enough.
bbc.co.uk
Mayors to get powers to overrule local councils on planning decisions
Housing minister Matthew Pennycook said the change was "essential" for helping mayors "effectively deliver new homes".
theguardian.com
‘The line’s running half-empty’: Llanwern steelworks feels the heat from cheap steel imports
New quotas to protect UK firms and jobs appear to be having opposite effect in products such as galvanised steelAt Tata Steel’s factory in Llanwern, south Wales, production lines that should be running full-time are now falling quiet for parts of the day, with workers being put on to maintenance and cleaning work while machines sit idle.There aren’t enough orders to keep them running all the time, the company says, because of a surge of cheap steel coming from Asian countries that is threatening the viability of several UK sites that make similar products, and risk hundreds of jobs. Continue reading...
theguardian.com
‘Pretty shambolic’: new EU border checks cause stress for UK travellers
Britons report that EES digital entry and exit system has led to frustration, visa mix-ups and long queuesOn top of fears about extreme heat and possible jet fuel shortages, Britons planning summer holidays in the EU this year had another thing to worry about – long queues and waiting times caused by the bloc’s new border checks.The EU digital entry and exit system (EES), which requires non-EU citizens to register and be photographed and fingerprinted on arrival and departure from the Schengen zone, has been technically in full force since April after launching last autumn, but has been beset by teething problems. Continue reading...
theguardian.com
London’s low emission zone is working – so why are cities around the world so cautious about clean air?
Similar initiatives have been launched from Barcelona to Bogotá, but they have misinformation, political pressure and vested interests stacked against themTen years ago, Alastair Harper was an advocate for young people’s health sitting in a stuffy meeting room in London planning an air pollution campaign. “My phone started buzzing,” he said. “I took the call, and then told the room I needed to leave immediately.“I had to get to UCLH [one of London’s major hospitals]. My own child was headed there in a blue-lit ambulance because she was struggling to breathe London’s toxic air.” Continue reading...
theguardian.com
First Bus bans under-16s in Stoke-on-Trent travelling alone after 6pm after disorder
Company says decision comes after spate of antisocial behaviour since free travel scheme was introducedFor some, it is a quotidian nuisance that inevitably occurs when you are in the vicinity of teenagers. For others, it is an expression of modern-day lawlessness among young people.Whatever view you take, antisocial behaviour on public transport has become a hot debate – and with the introduction of free bus travel for kids aged 5 to 15 across England during August, matters have come to a head in Staffordshire. Continue reading...
cnbc.com
As U.S.-Canada trade talks collapse, Carney says retaliatory tariffs will start Sept. 8
New 50% Trump administration tariffs on some Canadian exports went into place after the U.S. and Canada failed to reach a deal on Friday.
bbc.co.uk
Les used a QR code to download a parking app - but it was a scam
Scammers set up a monthly subscription of £60 from Les Howard's account after he downloaded an app.
theguardian.com
‘Friday afternoon fraud’: warning for UK homebuyers on bank scams
Victims have lost tens of thousands – and in one case £300,000 – due to fake emails from solicitor or estate agentYou are poised to move house and are awaiting the solicitor’s instructions that things are ready to go and it is time to hand over your deposit. When the email arrives giving you their bank details, you set up the transfer and move the cash. And then the solicitor calls to ask where the money is.Conveyancing fraud involves criminals getting access to an email chain between homebuyers and their solicitors or estate agents and requesting payment to a bank account they control. Sometimes the solicitor has been hacked, but often the homebuyer has been the victim of a phishing exercise. Continue reading...
theguardian.com
Drill, Burnham, drill? The oil basin that is a totem for Trump – and a headache for Britain’s new PM
North Sea oil, once the driving force of the UK economy, may be dwindling but it remains a symbol of prestige and a rich resource for political debateWhen oil was first discovered off the north-east coast of Scotland in September 1969, industry folklore has it that the duty superintendent on the rig carefully poured it into a pickle jar commandeered from the canteen and took it back to Amoco’s Great Yarmouth office in Norfolk. There, it was emptied into an ash tray, sniffed and then set alight.From that modest start, North Sea oil – as the huge basin of oil and gas reserves quickly became known – emerged as a driving force of the British economy and a symbol of national power and renewal as the UK emerged from the Opec oil crisis. Continue reading...
bbc.co.uk
Iran-linked hackers behind cyber attack that shut down power plant, reports say
The government says at no point was there a risk to the UK's energy system during the attack in July.
cnbc.com
Trump reshuffled his portfolio in June, selling names like Meta and buying Berkshire Hathaway
President Donald Trump disclosed just over 1,000 financial transactions in the month of June in what appears to be broad reshuffling of his portfolio.
theguardian.com
40,000 bottles of eye drops across the US recalled over issues with sterility of product
Prestige Brand Holdings has voluntarily recalled a batch of its Clear Eyes eye drops after FDA alertNearly 40,000 bottles of eye drops are being pulled from store shelves across the US over concerns about potential contamination, according to the Food and Drug Administration (FDA).Prestige Brand Holdings, based in Tarrytown, New York, has voluntarily recalled 39,060 bottles of Clear Eyes Maximum Itchy Eye Relief eye drops because of a “lack of assurance of sterility”, an FDA enforcement report states. The FDA classified the action as a Class II recall, defined on the agency’s website as a moderate-risk situation “in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote”. Continue reading...
theguardian.com
‘Penchant for bling’: can Sports Direct’s Mike Ashley take a bigger slice of luxury retail?
Frasers billionaire bought Harvey Nichols and increased Hugo Boss stake despite tough times for high-end storesWhat billionaire doesn’t love to splash the cash on a luxury item? Some may buy watches or yachts, but Sports Direct founder Mike Ashley has been snapping up entire brands.Harvey Nichols is the latest bauble to drop into his shopping basket after his company bought the Knightsbridge department store out of administration earlier this month. It sits beside a large slice of Hugo Boss, a chunk of Mulberry, a snippet of Burberry, the remains of Agent Provocateur and the entire Flannels and House of Fraser chains. Continue reading...
bbc.co.uk
Taxi drivers urge council to agree 8% fare hike
Taxi fares could rise by 8% to help drivers combat rising fuel prices and the cost of living.
bbc.co.uk
Economic adviser O'Neill rules out government job but backs PM's devolution plans
Lord O'Neill, former chief economist at Goldman Sachs, was tipped to become Andy Burnham's chief economic adviser.
theguardian.com
‘The worst part is the guilt’: the owners who fear dog food caused pets’ eye problems
In the week that Years recalled all of its fresh meals, concerns grow about a potential link to dogs’ health conditions“It’s been horrible – Chester developed sudden red and gunky eyes in May,” said Elizabeth, whose six-year-old cavachon “can’t open his eyes” on many days.The 29-year-old civil servant is one of a number of people who contacted the Guardian because they are concerned about a potential link between a recalled dog food and their pet’s eye condition. Continue reading...
theguardian.com
Subterranean salad: underground farmers seek solution to food crisis in disused UK mines
Researchers in North Yorkshire feel the clock ticking as they aim to transform British food productionIt has the vibe of a Bond villain’s underground lair but the workers in hi-vis and helmets aren’t weighing and packing hard drugs or parts for a death laser. It’s pak choi and lettuce.More than 1,000 metres down, researchers in North Yorkshire have created the world’s deepest underground farm and are running trials for a project that could transform UK food production. Continue reading...
bbc.co.uk
Not 'poor enough': Do people use London's pay-it-forward schemes?
The schemes are in place to help people who are struggling with the cost of living.
cnbc.com
Six investors reveal the biggest market risks — and one strategy they agree on
Investors see different risks threatening markets, but broadly agree that traders should diversify beyond recent winners.
bbc.co.uk
More students planning to live at home for university over 'insane' living costs
Students like Jessica say they worry about missing out on student life, but feel they have no choice but to stay at home.
bbc.co.uk
Watch: How does the US national debt affect consumers around the world?
The debt has more than doubled in a decade to reach a milestone $40tn (£29.4tn), Treasury figures show.
bbc.co.uk
US borrowing costs rise as attempts to ease rates prove short-lived
Economists said there were ongoing concerns over the level of borrowing as national debt passed $40tn.
cnbc.com
No more doom scrolling or Instagram Stories? A Meta trial loss could end the social media we know
"These trials are often compared to the Big Tobacco lawsuits of the 90s, and the outcome will likely be analogous as well," one analyst told CNBC.
theguardian.com
Brazil’s vast iron mine that supplies the world and fractures the Amazon – in pictures
The Grand Carajás project has made the country a mining superpower, but communities living in its shadow face pollution, displacement and silenced histories Continue reading...
bbc.co.uk
Royal Mail misses delivery targets again but hails 'encouraging' signs
The struggling firm said it had improved its performance but missed regulator-set delivery targets.
bbc.co.uk
Millennials have found it hard to buy homes – but things may be turning a corner
Twenty-somethings are much less likely to own a home than previous generations. But data suggests things may be improving.
bbc.co.uk
UK borrows more than expected in July as Healey prepares for first Budget
Chancellor John Healey said the government is 'committed to meeting our fiscal rules'
cnbc.com
Chinese humanoid robots' biggest obstacle: Humans are still (mostly) better
Humanoid robots still struggle to perform as efficiently as humans in most labor scenarios.
bbc.co.uk
Why the US economy is ringing alarm bells
The US hit a debt milestone this week, but just how worried should we be about the world's largest economy?
bbc.co.uk
Panama Canal to cut number of ships passing through due to El Niño
The crucial waterway's operator says low rainfall caused by the ocean pattern had led to the decision.
bbc.co.uk
Couples share their biggest money disagreements
Candles, haircuts, a Tesla... this week we're asking couples in London: "What's the biggest money disagreement in your relationship?"
bbc.co.uk
How landscape gardening is being electrified
The switch to quieter electric equipment is not going as fast as some would like.
bbc.co.uk
The teen entrepreneur transforming farm management
The app was designed to give farmers more time with their families by making the business more manageable.
bbc.co.uk
Stifling heat and broken toilets: TUI River Cruise passengers tell of their holiday hell
Holidaymakers tell the BBC they paid for luxury breaks but faulty air conditioning left them in sweltering heat.
bbc.co.uk
Little Moons co-founder: Don't wait for your product to be perfect
The mochi ice cream company co-founder shares her top tips, job highs and lows, and what a perfect Sunday looks like.
cnbc.com
Asia's hydrogen dreams: Region bets on emerging green technology to improve transportation
Asia’s hydrogen train push may be less about rail and more about building a broader hydrogen economy.
bbc.co.uk
The critical tech staying safe by going underground
The war in Ukraine has spurred people to consider putting vital infrastructure underground.
bbc.co.uk
Protein or pickled garlic? What's new in ice cream
There's a constant battle in ice cream to come up with new flavours and to keep costs down.
bbc.co.uk
Why Japanese firms are being so slow to use AI
Japanese risk aversion and conservatism blamed for slow AI take-up by the country's business sector.
bbc.co.uk
Tokenomics: Why making AI pay is tricky
Buyers of AI services are struggling to control costs and sellers are not sure how much to charge.
bbc.co.uk
'I started in my 20s and made £8,000': Why women are often better investors than men
Women can make higher returns but only about a quarter of UK women have investments, compared with about 40% of men.
bbc.co.uk
'You could smell someone' who worked at Raleigh
The company was more than just a employer. For years, it was part of the fabric of Nottingham.
bbc.co.uk
Why airlines are warning over lithium-ion batteries
The airline industry wants passengers to be careful when travelling with lithium ion batteries.
bbc.co.uk
Argos is getting a makeover - but can it attract new shoppers?
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
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